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Like the trucking industry, the port authorities and Class I railroads believe the Tax Cuts and Jobs Act will benefit their modes of transportation, according to associations that represent them.

From large carriers to single-truck fleets, many in the industry are analyzing how the federal Tax Cuts and Jobs Act will impact their income and are formulating strategies to adapt to the new rules — including the possibility of restructuring their companies, accountants said.

Tax breaks designed to help the private sector finance infrastructure projects were not included in a Republican tax overhaul bill President Donald Trump would consider by the end of the year.

President Donald Trump and Republican leaders launched an urgent effort to get a major legislative win this year, announcing a long-awaited tax plan that will immediately set off a fight over how much top earners should pay.

President Donald Trump was due to address the National Association of Manufacturers on Sept. 29, and discuss tax reform in a bid to boost economic growth.

The marching orders to Congress from President Donald Trump in a fiery speech in Missouri Aug. 30 were clear: reform the country’s tax code.

A simplified tax code for businesses and individuals would incentivize job creation and economic growth for industries such as the freight sector, the country’s vice president and top lawmaker in the U.S. House told manufacturers this month.

WASHINGTON — Executives in the manufacturing sector should view reforms to the tax code in aspirational ways to help Congress advance such reforms this year, House Speaker Paul Ryan (R-Wis.) said June 20.